AMP Financial Advisor Trainee

Through distance learning, apprenticeship, and training at the firm’s international headquarters, the Advisor Mastery Program (AMP) offers a comprehensive education for the next generation of Raymond James Financial Advisors. The program takes a holistic approach by incorporating training for technical and sales skills to fully position new Advisors for success.

About the role

In conjunction with a Mentor, Branch Manager, and/or a team of Financial Advisors, the Financial Advisor Trainee will learn to build an individual practice. The Trainee will balance new client development, sales activities, investment management, customer service, and compliance with personal and professional growth and development. The Trainee will also provide clients with sound financial advice and counsel consistent with the client’s objectives, time horizon, and risk tolerance. The requirements of the AMP Program are designed to support long-term development, whether a candidate plans to be a stand-alone Advisor or join an existing team.

Responsibilities

• Become trained and skilled to effectively and efficiently perform the Financial Advisor role. If hired as a team candidate, the team will provide the specific goals and expectations.
• Meets production targets that impact overall company revenue goals.
• Develops a book of business consistent with AMP program goals for assets under management and required production.
• Provides a high level of client service.
• Manages the full scope of a client relationship by evaluating the client’s financial needs, investment opportunities, current holdings, and available investment capital.
• Helps clients identify their investment objectives by effectively communicating portfolio losses when necessary, while preserving client loyalty.
• Develops client pipeline by prospecting, networking, engaging in community initiatives, centers of influence, and developing niches.
• Recommends investment products, solutions, and services that are suitable for prospects and clients based on predetermined client needs, time horizons, risk profile, and preferences.
• Seeks expertise of internal resources to identify investment opportunities and solutions for clients.
• Opens, transfers, and closes customer accounts.
• Maintains appropriate account records while monitoring the customer's portfolio.
• Makes recommendations consistent with changes in economic and financial conditions as well as the client's needs and objectives, considering newly offered investments.
• Obtains and verifies the customer's purchase and sale instructions, enters orders, and follows up on completion of transactions.
• Completes required program training and assignments, obtains mandatory industry licenses within prescribed timeframes, masters assessments, and meets minimum performance and production standards.
• Stays abreast of investment products, industry rules and regulations, and financial planning.
• Performs other duties and responsibilities as assigned.

Requirements

• Knowledge of economic and accounting principles and practices.
• Knowledge of financial markets, banking, and financial data analysis and reporting.
• Understanding of basic principles and methods for showing, promoting, and selling products or services.
• Familiarity with the firm’s working structure, policies, mission, strategies, and compliance guidelines.

Skills

• Operating client relationship manager system and other required software applications to produce financial plans, correspondence, reports, electronic communication, spreadsheets, and databases.
• Identifying the needs of customers through effective questioning and listening techniques.
• Organizing, managing, and tracking multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment to run an optimal practice.
• Continuously learning investment products, industry rules and regulations, and financial planning.
• Using appropriate interpersonal styles and communicating effectively, both orally and in writing, with all organizational levels.
• Keeping all appropriate parties up-to-date on decisions, changes, and other relevant information, and articulating reasons behind decisions.
• Establishing and maintaining effective working relationships with clients and colleagues.
• Persevering, handling rejection, and showing resilience during the prospecting and networking process.
• Networking in the community and effectively marketing oneself and Raymond James.
• Demonstrating persistence in the face of obstacles.
• Accepting criticism and dealing calmly and effectively in high-stress situations.

Qualifications

• Bachelor’s Degree (B.A.) from a four-year college or university preferred with a minimum of three (3) years of relevant working experience, demonstrating achievement in sales (preferably intangible) or a business environment, or an equivalent combination of experience, education, and/or training as approved by Human Resources.
• Bachelor’s degrees in Accounting, Business Administration, or Finance are preferred.
• General experience of 13 months to 3 years.

Licenses/Certifications

• SIE required (provided that an exemption or grandfathering cannot be applied) or ability to obtain within four (4) months from the start of the program.
• Series 7 and Series 66 or the ability to obtain them within four (4) months from the start of the program.
• Life, Health, and Variable Annuity or the ability to obtain within six (6) months from the start of the program.

Benefits

This position is eligible for a benefits package that may include:

• Medical, dental, and vision insurance.
• Life insurance, critical illness insurance, and accident insurance.
• Disability benefits.
• Retirement savings.
• Paid time off (including vacation, holidays, and sick leave).
• Parental leave.

Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

Pay

The total compensation for this position includes base salary or wages and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

Schedule

Travel less than 25%.